The last few weeks have been full of restless nights, intense conversations, much reflection and tireless analysis as I work through the process of purchasing the dental practice I have been part of for the last 9 months. I have created countless excel spreadsheets to look at all the possible financial scenarios that may happen after I’m the owner to make sure the numbers work. I asked my friend Gary Takacs if he would be my coach through this process, and he graciously agreed. Together we have reviewed year after year of tax returns, profit and loss statements and appraised the practice.
Any of you who have been through this are most likely experiencing all the emotions again as you read. I have felt excitement and anticipation, fear and trepidation, and most of all uncertainty. Will I be able to pull this off, am I up to the challenge, do I know what I need to know to make this work? I’ve consulted with my husband Kelly, listened to his sage advice and yet I am still left with the final choice.
Now what, after all the analysis is complete and the emotions experienced, the only thing that is left is to choose. I can’t remember when I realized that every choice in life is a simple flip of the coin. No amount of information or deliberation gives us guarantees or the ability to predict future outcomes, it simply helps us plan. It is this power, our ability to plan and then work the plan with commitment that is the greatest predictor of success or failure.
So with every decision, do the work to understand it, analyze the data and be fully informed about the situation. Spend time looking at your emotional response, what is your gut telling you? Put together a plan of action, commit to it and choose.
So here goes, owning a practice again will be an adventure!